Cheap Homes for Rent in Drake University Neighborhood of Des Moines, IA from $500 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in the Drake University area of Des Moines.

property at 702 20th St

702 20th St

Des MoinesIA50314

Drake University, Des Moines, IA Local Guide

Cheapest Available Drake University Apartments for Rent

 

The cheapest available apartment rental in the Drake University area of Des Moines, IA is a Studio unit found at The Flats on 21st priced from $595. Village Green has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here are the most affordable Drake University apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
The Flats on 21stStudioStudio,1BA$595
Village GreenStudioStudio,1BA$600
Cottage Heights on 29th1 Bedroom1BR,1BA$645
The Grove at Hickman1x11BR,1BA$675
Canary LoftsS1 - Studio AStudio,1BA$695

Best Value Apartments for Rent in Drake University, IA

As of September 14, 2025 the best value apartment in the Drake University area is the $1.30 price per square foot B2 Model at Matilda 235 Townhomes in the in the Downtown Des Moines neighborhood starting from $2,795. The second greatest value Drake University apartment is the Model A Model at The Elmhurst starting at $1,300 with a $1.00 price per square foot in the Downtown Des Moines neighborhood. Here is today’s list of the best values for Drake University apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Matilda 235 TownhomesB22BR,2.5BA$1.30
The ElmhurstModel A2BR,2BA$1.00
2813 Cottage Grove Ave2 bed2BR,1BA$0.82
Woodland Avenue Brickstone2x1 8502BR,1BA$1.19
Skyloft Apartments2BR/1.0BA2BR,1BA$1.09
MLK Brickstone ApartmentsOne Bedroom1BR,1BA$1.12
Kingstone Apartments 21BR/1.0BA1BR,1BA$1.23
The Flats on 21st1 Bedroom1BR,1BA$1.25
The Grove at Hickman1x11BR,1BA$1.17
Cottage Heights on 29th1 Bedroom1BR,1BA$1.14

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Pet Friendly Lifestyle
Drake University, Des Moines, IA

Ranked #67

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Drake University

What type of rentals are currently available in Drake University?

There are currently 275 Apartments for Rent in Drake University, IA with pricing that ranges from $600 to $2,795. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake University ranging from $560 to $1,995.

What is the current price range for Rental Homes in Drake University?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Drake University ranges from $560 to $1,995 with an average monthly rent of $1,031.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa

Written by: Joseph Isenberg

I'm Joe, the ApartmentHomeLiving.com Local Expert for Des Moines and Central Iowa. My parents moved to Central Iowa in 1967, and my family has been here ever since.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.